Archive for December, 2010

An IBM Global Business report has placed London as the globally preferred destination for foreign direct investments. The report means London continues to be the world’s top destination city measured by number of projects, the BRIC countries (Brazil-Russia-India-China) are represented by 8 of the world’s top 20 cities, 5 being in India.
The report further indicated

Thailand’s largest hot-rolled steel producer is mulling a UK investment that will see it buy a plant and expand it in the coming two years. Sahaviriya Steel Industries (SSI) is mobilizing US$1 billion partly through an issue of 5.24 billion new shares to finance the purchase of a steel plant in the UK and expand

Bidvest, the diversified industrial company, announced that it has acquired 100 per cent of the share capital of Seafood Holdings Limited for an enterprise value of £45 million. The UK based Seafood was started by entrepreneur and CEO, Toby Baxendale, who has grown the business into a leading national fresh fish producer and distributor to

US based Smith Electric Vehicles Corporation last week signed an agreement that will see it acquire the Smith Electric Vehicles business in the UK. Smith Electric Vehicles US Corporation will acquire the UK based business from its owner Tanfield Group for US$15 million.
The transaction and the transfer of ownership of the UK division will be

The Capita Group Plc (Capita) announced Friday that it has acquired BSI Holdings Limited (BSI) for a consideration of £42.5 million on a cash-free, debt-free basis. BSI is a hotel booking and meetings management agency with clients in both the public and private sector.
The acquisition will more than double the size of the wider Capita

Viridor announced it has acquired the north-west independent integrated recycling and waste management operator Adapt Recycling Ltd. The acquisition is in line with Viridor’s parent company; Pennon Group’s, stated strategy of expanding its waste management activities, particularly in the areas of recycling, waste treatment and disposal.
Adapt Recycling is headquartered in Bury and processes comingled recyclate

RPM International Inc Wednesday announced that its RPM Performance Coatings Group has acquired Pipeline & Drainage Systems Ltd (PDS). PDS is a leading supplier of curb, bridge and channel drainage products for construction and infrastructure markets, primarily in the United Kingdom and Ireland. Based in Wakefield, England, PDS has annual sales of approximately $8 million.

Tata Chemicals Limited announced the acquisition of UK based British Salt Ltd. The investment was made by Tata Chemicals Ltd’s wholly owned UK subsidiary Brunner Mond (BMUK). Brunner Mond acquired the UK-based British Salt Limited for $144 million (around Rs.656.48 Crore).
The acquisition will be financed entirely through debt, with no recourse to TCL. British Salt

Livewire Mobile Inc, a world leader in mobile music and content, announced it had acquired FoneStarz Media Group Limited, an award-winning mobile digital storefront and mobile content supplier currently working with many of the world’s largest telecom and media brands.
The combination of the two companies creates a mobile content powerhouse with a broad content-offering that